ARTICLES ABOUT HINDUJA GROUP BY DATE - PAGE 3

In an interview with ET Now, Keki Mistry, VC & CEO, HDFC; Akhil Gupta, VC, Bharti Enterprises; and R Seshasayee, Non-Executive VC, Hinduja Group, share their views on the economy and markets with a focus on Budget 2014. Excerpts: ET Now: Have expectations from Jaitley's maiden budget run way ahead of reality? What is your view? Keki Mistry: That is not my sense. My sense is that the government will deliver. Maybe people are expecting too much from one budget, but let's not look at one budget per se. I do not think you can expect too many tax reforms in one budget, but certainly the policy framework in terms of how the government intends to go forward is something which will be laid out here.

NEW DELHI: Hinduja Group flagship company Ashok Leyland today reported 7 per cent increase in sales at 7,452 units in June. The company had sold 6,970 units in June 2013, Ashok Leyland said in a filing to the BSE. Sales of medium and heavy commercial vehicle in June went up by 17 per cent to 5,542 units from 4,717 units sold during the same month of last year. Sales of light commercial vehicles in June 2014 declined by 15 per cent to 1,910 units from 2,253 units sold in the same month of last year.

CHENNAI: Hinduja Group flagship company Ashok Leyland has signed an agreement with private sector YES Bank for offering retail finance to customers purchasing commercial vehicles. "With this tie-up, Ashok Leyland will be able to leverage the branch network and customer reach of YES Bank and will provide more efficient and effective service to its customers," the commercial vehicles maker said in a statement. Ashok Leyland's Special Director (Finance) K Ram Kumar exchanged documents with President and Head of Yes Bank Nipun Jain at a function held recently.

NEW DELHI: Hinduja Group flagship company Ashok Leyland has received an order for supplying 2,200 buses to Sri Lanka. The company said it will supply the buses within the next six months. This is the one of the largest purchase by the Sri Lankan Transport Board (SLTB), as the government aims to modernise its existing fleet and significantly improve the country's public transport network, Ashok Leyland said in a statement. "Ashok Leyland will supply these 2,200 buses within the next six months.

LONDON: Describing Narendra Modi as a "doer" who has proved himself in Gujarat, Hinduja Group co-chairman G P Hinduja today said infrastructure should be the new Indian government's top priority and investment will then flood in. "I would like to congratulate Mr Modi on the landslide victory he has achieved. The British Prime Minister ( David Cameron ) is very keen to see how Indo-UK trade and investment can grow and I think it is the most opportune time for British and Indian industry to grow together and be number one in Europe," he said at a launch function of a new-age double decker bus manufactured by the Hinduja group.

LONDON: The Hinduja Group today launched a new-age double decker bus through its UK subsidiary Optare at a gala puja ceremony here attended by senior UK ministers and British Indian businessmen. The blue MetroDecker marks a turnaround in the fortunes of ailing British bus manufacturer Optare, which had been acquired by the Indian-origin group's flagship firm Ashok Leyland three years ago and is now being promoted as a symbol of growth in India-UK relations under a new BJP-led government.

NEW DELHI: Hinduja Ventures Limited (HVL), a Hinduja Group firm, today announced appointment of Amar Chintopanth as its Group CFO - Media. He will be responsible for finance of all media group companies including its flagship IndusInd Media and Communications Limited (IMCL). Chintopanth, a qualified chartered accountant will report to Tony D'silva, Group CEO - Media, HVL and MD & CEO IMCL, the company said in a statement. Commenting on the development, Tony D'silva said: "His rich experience in the financial space will help us immensely as we work towards the next phase of digitisation and growth.

NEW DELHI: Hinduja Group flagship company Ashok Leyland today launched Partner, a light commercial vehicle (LCV), priced in the range of Rs 8.73-9.29 lakh (ex-showroom Delhi). After the commercially successful Dost and the recently launched Stile, Partner is the latest offering from the Ashok Leyland-Nissan Joint Venture, the company said in a statement. The LCV, which comes with various features including air-conditioning, focuses on driver comfort and sports car-like interiors, it added.

NEW DELHI: Hinduja Group flagship company Ashok Leyland today said it has bagged an order worth $ 50 million (nearly Rs 300 crore) from the Zimbabwe government for the supply of 670 vehicles. "The company has bagged a contract from the Ministry of Tourism and Hospitality Industry , Government of Zimbabwe, for supply of 670 vehicles valued at approx $ 50 million," Ashok Leyland said in a filing to the BSE. "The order is planned to be executed in the financial year 2014-15," it added.

NEW DELHI: Hinduja Group flagship company Ashok Leyland today reported a 27 per cent decline in its total sales in March at 10,286 units. The company had sold 14,019 units during the same month of previous year, Ashok Leyland said in filing to the BSE. Sales of medium and heavy commercial vehicle in March declined by 20 per cent, to 7,723 units from 9,694 units sold during the same month of previous year. Sales of light commercial vehicles in March, 2014 declined to 2,563 units from 4,325 units sold in the same month of previous year.